Overview
What is Loretto O'Brien Road Housing Development Fund Company Inc?
Loretto O'Brien Road Housing Development Fund Company Inc is a nonprofit organization located in Syracuse, New York. Established with a specific mission, the company is dedicated to developing, owning, and operating a low-income housing project. This project is operated under the regulatory agreement for nonprofit and public mortgages, as stipulated by Section 202 of the National Housing Act. The company's primary focus is to provide affordable housing, ensuring its operation remains in line with this mission. With a dedicated staff of one, Loretto O'Brien Road Housing Development Fund Company Inc has committed itself to improving housing accessibility for those with limited resources.
Official website here: www.christopher-community.org
Is Loretto O'Brien Road Housing Development Fund Company Inc legitimate?
Loretto O'Brien Road Housing Development Fund Company Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Loretto O'Brien Road Housing Development Fund Company Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $39,570
For more financial information, click here
Official website here: www.christopher-community.org
What is the mission statement of Loretto O'Brien Road Housing Development Fund Company Inc?
Loretto O'Brien Road Housing Development Fund Company Inc was established with a specific purpose: to develop, manage, and operate a low-income housing project on a non-profit basis. This aligns with Section 202 of the National Housing Act. The company's operations are regulated by a regulatory agreement for non-profit and public mortgages, also under Section 202 of the National Housing Act. The primary objective of Loretto O'Brien Road Housing Development Fund Company Inc is to provide affordable housing options for individuals with lower income levels, contributing to the broader goal of housing equity and accessibility.
Official website here: www.christopher-community.org
Who is the CEO of Loretto O'Brien Road Housing Development Fund Company Inc?
Kimberly Townsend is the Chairperson of Loretto O'Brien Road Housing Development Fund Company Inc.
Official website here: www.christopher-community.org
What is the revenue of Loretto O'Brien Road Housing Development Fund Company Inc?
Loretto O'Brien Road Housing Development Fund Company Inc's revenue in 2022 was $238,400.
Official website here: www.christopher-community.org
Who are the executives of Loretto O'Brien Road Housing Development Fund Company Inc and what are their salaries?
The average compensation at Loretto O'Brien Road Housing Development Fund Company Inc during 2022 was $39,570. There is 1 employee at Loretto O'Brien Road Housing Development Fund Company Inc.
Here are 5 key members and their salaries:
- Compensation: $0
- Related: $527,235
- Other: $14,743
- Compensation: $0
- Related: $259,932
- Other: $3,856
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.christopher-community.org
Where can I find the form 990 for Loretto O'Brien Road Housing Development Fund Company Inc?
Loretto O'Brien Road Housing Development Fund Company Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.christopher-community.org
Learn more at the official website: www.christopher-community.org
Mission Statement of Loretto O'Brien Road Housing Development Fund Company Inc
Loretto O'Brien Road Housing Development Fund Company Inc was established with a specific mission to develop, own, and manage a low-income housing project on a non-profit basis. This mission is in line with Section 202 of the National Housing Act. The corporation's objective is to provide affordable housing solutions for individuals with limited income. The operation of this 39-unit project is subject to a regulatory agreement that ensures its operation on a non-profit and public mortgage basis, as per Section 202 of the National Housing Act. In essence, Loretto O'Brien Road Housing Development Fund Company Inc is committed to addressing the housing needs of low-income individuals, providing them with a secure and affordable living space.
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Impact
October, 2024
Loretto O'Brien Road Housing Development Fund Company Inc plays a crucial role in providing affordable living options in Syracuse, NY. By operating a 39-unit low-income housing project, the organization ensures that individuals and families with limited financial resources have access to safe and stable housing. This initiative is governed by a regulatory agreement and utilizes public mortgages under Section 202 of the National Housing Act, reinforcing its commitment to affordable housing solutions.
The development not only addresses the immediate housing needs of low-income residents but also contributes to the broader community by enhancing the quality of life and promoting stability. The presence of affordable housing can reduce homelessness and improve social outcomes, creating a more inclusive environment for individuals who might otherwise struggle to find suitable accommodations.
This information is meant to be a general summary of Loretto O'Brien Road Housing Development Fund Company Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11
- Program Service Revenue: $235,749
- Gross Receipts: $238,400
Assets and Liabilities:
- Total Assets: $2,928,970
- Total Liabilities: $30,183
- Net Assets: $2,898,787
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME - TENANT
Revenue
$144,243
RENTAL INCOME - HUD
Revenue
$91,506
Organization Details
Founding Year
2006
Phone
(315) 424-1821Principal Officer
Kimberly Townsend
Main Address
990 JAMES STREET, SYRACUSE, NY, 13203
NTEE Category
Code: L20 - Housing
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